In recent years, the state attaches great importance to and vigorously promotes the development and utilization of geothermal energy on a large scale. In September 2023, China hosted the World Geothermal Congress for the first time and released the Report on the High-Quality Development of China's Geothermal Industry, which contributes to the high-quality development of the global geothermal industry with Chinese wisdom.

China is rich in geothermal resources, but it still needs to be upgraded in the development and utilization of geothermal energy, in which drilling technology innovation is one of the bottlenecks restricting the development of geothermal industry.

Following the national strategic requirements, XCMG entered the energy drilling field as early as 2013. Relying on XCMG's "1+6+N" global innovation system, XCMG focuses on the research of construction equipment for "large-diameter, deep wells, and complex formations", and has successfully launched the following products - tracked deep drilling equipment with operating depths ranging from 300m to 7000m. The company has successfully launched a series of products such as crawler-type deep well drilling rigs with operating depths ranging from 300m to 7000m, vehicle-mounted deep well drilling rigs and modularized drilling rigs.

In 2021, XCMG Foundation was listed as one of the "Top 20 Supporting Service Providers" in the authoritative list of China's geothermal industry "China Geothermal Industry Top 20 Enterprises Selection", and it has always been the first one in the industry in the fields of coal bed methane mining and coal mine water damage control.

The essence of new quality productivity lies in scientific and technological innovation. At present, the economic pattern is constantly adjusting and the market competition is intensifying, in order to open a new situation in the changing situation, we have to continue to increase investment in research and development, and accelerate the realization of the product renewal and iteration.

XCMG firmly grasp the initiative of the development pattern of the geothermal industry, developed XCMG deep (water) well drilling rigs and modular drilling rigs that can meet the dual-use construction process of water and gas, and the exploration of the road of clean energy extraction is gradually bearing fruit.

XCMG Foundation is not only a manufacturer of geothermal resource equipment R&D, manufacturing and providing work method support, but also an applicator and beneficiary of geothermal resources.

The intelligent manufacturing base of XCMG Foundation is designed to apply ground source heat pump for heating and cooling. According to the estimation, the ground source heat pump system of the science and technology building reduces the operation function by more than 60% compared with the traditional central air-conditioning system, and the annual carbon dioxide emission is reduced by 520.34 tons.

At the same time, through the intelligent power platform to design a personalized power plan, to achieve staggered energy use, through the roof photovoltaic, rainwater collection, test bench power feeder and other measures to create a "zero-carbon factory" to promote the construction of the base with the lowest energy consumption, the best ecology and the most beautiful environment.

Riding on the trend. At the 2024 China Geothermal Industry Multi-process Air Drilling New Technology and New Equipment Observation and Exchange Conference, the XCMG Foundation Intelligent Manufacturing Base Project was honored as "National Geothermal Energy Development Quality Project".

Accelerating technological innovation and product iteration, XCMG is determined to seize the commanding heights of future industrial development, accelerating the formation of new productivity, and becoming a "frontrunner" in the field of basic construction machinery by taking the lead, demonstrating, and taking the lead!